All 70Trades clients have access to the global forex markets at any time they are open, which is from 22:00 GMT on Sunday night until 22:00 GMT on Friday night. Online FX and Commodities can be traded at all times during this period. CFDs, however, have their own operating hours, which depend on the location of the market:
- The US Market CFDs can be traded from 2:30 pm – 9:00 pm GMT, Monday to Friday.
- The European & British Market CFDs can be traded from 8:00 am – 4:30 pm GMT, Monday to Friday.
- The Asian Market CFDs can be traded from 0:00 am – 2.00 am GMT and 3:30 pm – 6:00 pm GMT, Monday to Friday.
Rollover Fee charged at 0.02% of the overnight exposure on CFDs (Indices, Currencies, Stocks and Commodities) and 0.1% on CFDs (Cryptocurrencies) due to high volatility.
Inactivity Fee for any absence of any trading activity for a period of at least three (3) months: USD 100 per month charged on a quarterly basis
Due to 70Trades’ policy of no slippage, spot orders can be executed at the price the client clicks/quotes, during the regular global forex market conditions.
During the volatile global forex market conditions, our clients can receive consistent ask (buy) and bid (sell) prices with fixed spreads. Spot orders can be executed at the price the trader has quoted.
Leverage at 70Trades:
- Foreign Exchange currency trading (Forex): 1:200
- Commodities trading: 1:200
- CFD on Indices: 1:100
- CFD on Shares: 1:10
- 5 Protected Positions: 1:20
70Trades clients can open an account with only an initial deposit of $200 and start trading immediately. Accounts at 70Trades are denominated in US Dollars, so all trading deposits are going to be converted into the base currency of the client’s trading account (US Dollars).
The margin liquidation happens when a trader’s account equity has reached zero and as a result, all of his positions are closed automatically. In this way, 70Trades aims to protect the client’s trading account from ever reaching a negative balance and thus being liable for an amount exceeding the client’s deposit.
Did you know?
The Forex trading market is all about currencies and the most commonly traded ones are USD (also known as U.S. Dollar), JPY (also known as the Japanese Yen), EUR (also known as the Euro), GPB (also known as the British Pound), CAD (also known as the Canadian Dollar), AUD (also known as the Australian Dollar), and CHF (also known as the Swiss Franc).